Examples of Rights Offerings in a sentence
Plan Distributions of Cash shall be funded from the Debtors’ Cash on hand as of the applicable date of such Plan Distribution and from the proceeds of the Equity Rights Offerings and Exit RBL Facility.
In addition, each such Holder shall receive Subscription Rights to purchase its Pro Rata share of the applicable Rights Offerings Shares in accordance with the applicable Rights Offerings Procedures.
The Backstop Parties will backstop the Rights Offerings in accordance with the terms and conditions of the Backstop Agreement.
The Reorganized Debtors may not use or dispose of any portion of the General Unsecured Cash Fund, the proceeds of the Senior Subordinated Notes, or the proceeds of the Rights Offerings except as specifically set forth in the Plan.
All New Common Stock issued in connection with the exercise of Par Value Rights pursuant to the Par Value Rights Offerings shall be issued on the Effective Date and shall be distributed to holders of Rights who have exercised the Rights on, or as soon as reasonably practicable after, the Distribution Date.